The U.S. Department of Commerce reports that services to foreign clients brought Americans $131 billion in 2003. This was in addition to offshore services for U.S. customers, which grew by $7 billion. The report shows that labor-intensive production and administrative work has grown in low-cost places, while talent sensitive activities have grown in the United States (Malachuk, 2004). This is a major benefit of outsourcing. Weidenbaum (2005) argues that many American employees

Outsourcing is an inevitable market reality, however, adequate measures must be taken to support the displaced employees, and to retrain them for better employment prospects. Outsourcing has become a highly controversial and much debated issue over the last few years. The economic dynamics of the 21st century have vastly altered the mode of business. While globalization has opened new markets for companies, at the same time, it has forced them to

Outsourcing: A Net-Positive? Positively Not The world economy is a very different beast than it was even a decade ago. No longer are countries, industries, and companies bound by national borders or even continental structures. Rather, the global village truly exists today, at least from a capitalistic perspective. A perfect example of this borderless world economy is the process of outsourcing. There exist several points that politicians make in support of outsourcing in

Jobs Overseas and the Effect it has on Employees in the Financial Industry: A Correlational Study After globalization Global changes in the banking and financial sectors have cause flow of not only work but finance to countries that were unreachable like China and Indian have opened markets globally owing to the international and U.S. pressure after globalization. The need to invest in these countries stem from the fact that Indian market

Outsourcing Corporate Outsourcing: Initially an output of the 1990's outsourcing has now become a significant part of doing business by corporate America. With businesses throughout the country looking for augmenting their competitive rank in an more and more worldwide marketplace, they are observing that they have the potential to reduce costs and keep up the quality through the greater dependence on foreign service contributor seen as subsidiary to their mainline functioning. Currently,

This scenario is even being played out today in countries such as China where the cost of labor has increased to the extent that Chinese manufacturers are establishing lower-cost production facilities in Vietnam, for example. It is only a matter of time, then, that workers in Vietnam will likewise become more affluent and will be able to outsource their more distasteful jobs to other, less well situated developing nations.